Export Decline: −2.90% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4112 have declined at a compound annual rate of −2.90% over 7 fiscal years, falling from ₹624.85 Crore in FY 2018-19 to ₹523.73 Crore in FY 2024-25.
HSN Sub Chapter 4112 represents Tanned sheep or lamb leather under GST classification. This code helps businesses identify Tanned sheep or lamb leather correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4112, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Tanned sheep or lamb leather.
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GST Rate for Tanned sheep or lamb leather under HSN Code 4112. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Tanned sheep or lamb leather.
Tariff HSN
Description
leather further prepared after tanning or crusting, including parchment-dressed leather, of sheep or lamb, without wool on, whether or not split, other than leather of heading 4114
India’s Exports
FY 2024-25₹524 Cr
0.0141% of India’s total exports
India’s Imports
FY 2024-25₹53 Cr
0.0009% of India’s total imports
Trade Balance
FY 2024-25₹470 Cr
Surplus rank #262 of 1233 subchapters
% of Chapter 41
FY 2024-2513.87%
Share of Chapter 41’s total exports in FY 2024-25
Import side: 1.48% of Chapter 41’s imports
Rank Within Chapter 41
FY 2024-25#3 of 11
Position by export value among subchapters in Chapter 41
Import-side rank: #5 of 11
At a glance
−2.90%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#524
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+34.90%
Peak Growth Year
FY 2021-22 · strongest single-year move
13.87%
Contribution to Ch. 41
Share of Chapter 41 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+584.21
Exports
624.85 ₹ Cr
0.0272% share
— YoY
12.38% of Ch. 41
Imports
40.64 ₹ Cr
0.0011% share
— YoY
1.00% of Ch. 41
Balance
+450.57
Exports
510.43 ₹ Cr
0.0231% share
−18.31% YoY
13.73% of Ch. 41
Imports
59.86 ₹ Cr
0.0018% share
+47.29% YoY
1.54% of Ch. 41
Balance
+256.22
Exports
307.72 ₹ Cr
0.0143% share
−39.71% YoY
10.98% of Ch. 41
Imports
51.50 ₹ Cr
0.0018% share
−13.97% YoY
2.17% of Ch. 41
Balance
+356.60
Exports
415.11 ₹ Cr
0.0132% share
+34.90% YoY
12.18% of Ch. 41
Imports
58.51 ₹ Cr
0.0013% share
+13.61% YoY
1.85% of Ch. 41
Balance
+406.41
Exports
473.09 ₹ Cr
0.0131% share
+13.97% YoY
13.64% of Ch. 41
Imports
66.68 ₹ Cr
0.0012% share
+13.96% YoY
1.72% of Ch. 41
Balance
+481.26
Exports
525.41 ₹ Cr
0.0145% share
+11.06% YoY
14.14% of Ch. 41
Imports
44.15 ₹ Cr
0.0008% share
−33.79% YoY
1.33% of Ch. 41
Balance
+470.35
Exports
523.73 ₹ Cr
0.0141% share
−0.32% YoY
13.87% of Ch. 41
Imports
53.38 ₹ Cr
0.0009% share
+20.91% YoY
1.48% of Ch. 41
CAGR · 7-Year
Exports
−2.90% /yr
Imports
4.65% /yr
reference, FY 2024-25
Export
₹3,775.67 Cr
Import
₹3,602.78 Cr
Trade Balance
+172.89
India's exports under HSN Sub-Chapter 4112 have declined at a compound annual rate of −2.90% over 7 fiscal years, falling from ₹624.85 Crore in FY 2018-19 to ₹523.73 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 4112 ranks #524 out of 1233 subchapters by total export value. Within Chapter 41, it ranks #3 of 11. By trade surplus, it ranks #262 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 4112 was recorded in FY 2021-22, when exports surged by 34.90% over the prior year.
In FY 2024-25, India's exports of ₹523.73 Cr exceeded imports of ₹53.38 Cr, resulting in a trade surplus of ₹470.35 Crore — ranking #262 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 4112 have grown at 4.65% CAGR, reaching ₹53.38 Crore in FY 2024-25.
Among the 11 subchapters under Chapter 41, HSN Sub-Chapter 4112 ranks #3 by export value — accounting for 13.87% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.48% share (rank #5).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 4112 and GST compliance.
It includes Tanned sheep or lamb leather
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Use a delivery challan for sending Tanned sheep or lamb leather to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.